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20130103
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to simply come up for a vote. but he's got problems, including his number two, eric cantor, doesn't like, he can't support what the senate passed in such a lopsided vote and it looks like there's going to be a vote maybe tonight on new legislation which if it's passed by the house would then have to go back to the senate. >> reporter: that's right. first of all, let's talk about your question about the house speaker. he, i am told by several people in this meeting today, was very intentionally did not give his opinion. he didn't say whether he supports or opposes this bill. eric cantor did and he was certainly sending a signal to conservatives and making clear his personal position for good reasons. as the speaker goes, he really, i'm told, was told to just listen to concerns of the members. but it is true that if they do amend this, that it would have to go back to the senate down the hall here and it would have to be passed by thm or not. the other thing, just to sort of play this out a couple of days, there's a new congress sworn in on thursday, in just two days. if they don't finish this
voted yes while eric cantor and kevin mccarthy voted no. if he decides to run for president in 2016, he might be going up against rubio or rand paul, they both voted no. ryan would be only one of the three that voted yes. the plan means the bush tax cuts will continue for those making under $400,000 a year and couples making less than $450,000 a year. the tax rates will go back up for those making more. the automatic spending cuts that were set to kick in today are delayed for two months. the deal with extend unemployment insurance for some two million people for a year. the estate tax goes back up to 40%. also tax credits will continue for child care, tuition and research and development. on the flip side, the payroll tax rate will go back up to more than 6%. next up, congress and the administration have to figure out what to do about the spending cuts that are going to go into effect in two months if we don't do something and also, there is the issue of raising the debt ceiling. we're back with more show and
, but sometimes they're just playing checkers. eric cantor is much more the kind of guy, he has been very vocal about the need to trim debt. so it's logical that he would vote against it. they did wait until it passed. so they had some spots ability to their speakers and their leadership position. in the end, they know this has to go through, because we are out of time. john boehner votes for it more as a symbolic thing. he said yesterday if we cannot find a republican votes to amend this, i will just go for it. he feels a sense of responsibility to accept a deal that's coming down. host: you have a piece on the blog that says house members have a message to speaker ehner -- what is the latest on that? guest: i think that is all we will see today. the house and senate are back in today. the senate back into thinking they might get a sandy relief bill. what happened yesterday was a rare occurrence where you had a bunch of republicans and democrats to show up at the last minute after the cliff vote and they were really upset. delma had about a minute to talk. a lot of them used strong language, s
into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs a
worried me, gave me pause about 2013, as i trust it did for you. even yesterday when i heard that eric cantor was going to try to scuttle a hard-fought deal that was overwhelmingly approved in the senate, it gave me again pause about what could happen this morning. i was prepared for a down 300, 400. but cantor, who momentarily was a sure candidate for the wall of shame if he kept up that stuff, he ultimately backed down and we got a deal that everyone dislikes, which is the essence of what it means to rise above politics. you're supposed to dislike it, for heaven's sakes, it's a compromise. right now about the pending battle over the debt ceiling other than the fact that the buyers weren't too scared of the upcoming big bad debt fight today. what makes me not so concerned? i know there are plenty of other people who will wouldorry about the debt ceiling. i don't have to do it. let them worry about it i worry about the things very few people are worried about. i acknowledge i'm fretting over, problems that are thought about in advance by everybody, they have a tendency to be resolved.
majority leader eric cantor telling republican members they should be back on sunday evening to be prepared to work. though much like the senate they have nothing to vote on right now. it is a positive sign if congressional leaders reach some type of a deal the house and senate will be in town to get votes on the record, but still there is no deal worked out right now between top democrats and top republicans in washington. house republicans are calling on the senate to pass their various proposals dealing with the fiscal cliff. the senate majority leader says it is up to the house to pass the senate plan. >> so i say to mr. speaker, take the escape we have left you. put the economic fate of the nation ahead of your own fate as speaker of the house. millions of middle class families are nervously watching, waiting and counting down the moments until our taxes go up. >> senate minority leader mitch mcconnell is expected to take the senate floor a few minutes from now. he has been saying his office has been saying throughout the day when senate democrats offer a plan, republicans will review
notice how eric cantor, the house majority leader voted on the fiscal cliff deal last night. he voted against it. some have interpreted that to be premonition, an indication perhaps there will be some sort of a challenge to the speakership of john boehner. however we have heard nobody speak publicly, nobody speak on the record in that regard. keep in mind if his speakership were to be challenged would require a vote not just of the republican conference but the entire house of representatives. jenna: big question whether or not a change in leadership would elicit different results that is conversation yet to be had in the coming weeks. >> so you try. jenna: doug, thank you very much. jon: so the white house and congress knew of the self-imposed deadline for more than 17 months and they still managed to blow past it. finally approving a tax deal last night that doesn't seriously address the spending cuts or the nation's ballooning deficit. so who wins and who loses with this deal? talk about it with jonah gold perg, editor-at-large at "the national review" and a fox news contributor. b
barack obama has a chance to do what eric cantor told bob woodward after he met him the first time, which is if he's pragmatic, if he comes to the middle, then he could lock us republicans up for a very long time. i mean, i think that's the great challenge for barack obama. >> yeah. >> can he do what he appears to be doing right now with john boehner? and that is upsetting a lot of people in his own base for the betterment of their party by saying we're going to raise it from $250,000 to maybe $500,000, go after entitlements and do it for the best interests of the country. >> he is a pragmatist. the first two years, it was such a strained situation. when we talked to him on wednesday, everything he said was about -- he wasn't saying government has to be bigger. government has to be smarter. government has to be better. it was like the lincoln line. this is a fantastic picture, by the way. >> that is adorable. >> joe, that's one of the pictures i was talking about. >> you're letting us know, these are all exclusive to "morning joe." >> they're exclusive to "time" and "morning joe." apparen
eric cantor that he is against the bill. how damning is it that top republicans are coming out saying they're opposed to deal? >> that is very problematic. that could be a situation where a number about republicans say, look we have tax rates that have gone up. it is beyond january 1st, midnight. what this represents, this proposal is a tax cut, a major tax cut, basically for anybody, any family making less than $450,000 a year. on top of that, you also got this next round upcoming that of a debt ceiling fight. there are republicans like senator lindsey graham who are saying look, make sure you take the debt ceiling fight with your spending cuts, for the spending cut fight. why don't we make sure we cut taxes now and move onto that next round? that is a feeling among a number about republicans here. you have a significant amount of democrats, perhaps who could potentially come along with this. it is still so early in the stage, can't believe we're saying it is early in this because it is beyond the fiscal cliff deadline and into new year's day. still lots of to be worked out. a lot of
gop leaders who voted no including the majority leader, eric cantor. the senate passed the measure early tuesday morning. and the bill raises tax rates for families making more than $450,000 a year, let the payroll tax cut expire, with delays automatic government and military spending cuts by two months. speaking after the house vote, the president thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but let's -- on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is see figure we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the bill does set up the next fight in around two months when the spending cuts are set to take effect and the u.s. hits the debt ceiling. treasury secretary geithner's trying to take steps to delay that date by halting investment in two government worker pension fund
think he will show that strength assuming he has eric cantor on board, kevin mccarthy, some of the other young guns, as they lake to call themselves, in the house of representatives. the or young republican leaders. if he can get all of them together, he's not photog bring in all of the tea party activists in the republican caucus gu together with the democrats who will support him this time and the republicans that could cobble together the 218 votes they need, they have to do this, suzanne, today or tomorrow because at noon on thursday, the 113th congress is sworn in. that's a new congress, new senate, new house of representatives. they have to start from scratch. the legislation that passed in the middle of the night last night, that's going to have to be passed once again in the senate if they don't get this done before thursday at noon. remember, tomorrow's a regular day on wall street. markets are opening tonight on the east coast of the united states, the asian markets will be opening. people will be watching closely to see if there's stability, if there's continuity, a disrupt tu
vote comes and goes, the speaker is gone and told one of eric cantor's aides that the bill was -- connell: two part question to add it up because we have to go in a second. do you think or do you know anything about a possible vote today and what do you say to the conservative argument that come of that say we voted on this fiscal cliff deal that didn't have any spending cuts and couldn't stomach another votes on spending and some members of the new york delegation brought up to me apparently loaded the bill up with pork. any truth to that? >> absolute lies. whatever was in the bill that was considered pork was put in for other states, put in the senate, all taken out. governor christie and governor cuomo and governor bloomberg give a breakdown of the republican leadership, we were told it was satisfactory. there was no pork. i wish they would tell the truth. connell: no vote you know of on the schedule today? >> no. 100 people are missing today. the house is not in session today. connell: congressman king from capitol hill, talk to you again soon. back to the markets, big
it and send it back is what eric cantor and others wanted. the problem with sending it back is there would be no one to send it to. the senate left the building. the house would have gone back and said we're going to keep our apbldz in. what speaker boehner did is join the minority of republicans. he voted, so 85 republicans said yes, but 172 said no. essentially they violated their own unwritten hastert rule and used the majority of democrats to pass this bill. longtime conservatives see it as a rau for the president. >>steve: even in the leadership of the republican party you've got john boehner and paul ryan voting for it. then you've got eric cantor, the majority whip, voting against it. at the core, all the republicans had to hold their nose because they do not as a party like the idea of taxes going up on anybody. now the way it stands is if you are very successful and you make at least $400,000 a year, your taxes are going to go up to about 40%. for everybody watching this program now, your payroll taxes are going up. last year it was about 4.2% exactly, and starting this morning it
to the tea party. i have bad news for the tea party. and for party president's whether it is eric cantor from virginia, the majority leader in the house, or the president, but neither of them were elected to make all the roles and come to all the decisions. sort of middle ground will live to be found. simpson-bowles does not provide it. i will give you example. they raise the retirement age by a year or two very slowly. the retirement age task ago to 70 or there's no way out on social security. numbers tell us that. it is that simple. at the same time, its only marginally increases the retirement age and creates a new benefit for high stress occupations. 1,722,000 people would qualify, but all experience with these things, whether you are a republican from georgia or a liberal democrat from manhattan, as soon as a law like that gets passed, people become creative in finding ways to qualify. out of the woodwork, all the folks that would qualify. at the end of the david acton & social security age for everybody was truly disabled and let the market take care of its. people in stress occupations
chairman paul ryan did vote in favor of the bill while eric cantor and congressman mccarthy voted against it. responding quite positively to that news, doug responding less positively. the dow jones up 180 and nasdaq up 50 points and s&p 24 points and ftse up 500 points -- not 500 points. and you can see the ftse up 2% on this news and look at what happened there in asia. hang seng up almost 3%. one clarification, i think i may have misspoken when i said all of this lasting one year. what i was describing was extension of unemployment benefits, that lasts one year. these other taxes and cuts and increases are now permanent. >> the fiscal cliff a verdict for now. now, we can look forward to something with the debt ceiling in the next two months. joining us in washington is former oklahoma governor frank keating and ceo of the american bankers association. joining us from philadelphia, former pennsylvania governor, ed rendell, also a cnbc contributor. i have to tell that joke again, governor. what do you call 47 millionaires sitting around watching the super bowl? >> i give up. >> the phila
, the republicans are still meeting. we're getting tweets and reporter information that majority leader eric cantor is against the senate-passed bill. phone numbers reason the screen if you would like to dial in and make a comment about what is going on right now in washington on this first day of 2013. while we get those calls up i want to read some of these tweets that have been coming in and literally, thousands of them at the #fiscal cliff. this is from samuel, how can the senate pass a bill 89-8 and the out can't? this is jordan, is house g.o.p. rejection of the fiscal cliff deal sign that the they that obama won't be negligenting on the debt ceiling? >> this is art. where does this leave us at this point? amendments, no time for that, pass it. nothing like bringing in the new year with a good old fiscal cliff get it together congress. henry is on our independent line, henry, good afternoon, this is c-span and you're on. caller: good afternoon. i'm an independent and i wanted to comment that i guess the democrats have to be cause shouse that the republicans don't wake up and take the position
expected on friday. a statement from house speaker john boehner and majority leader eric cantor said getting aid to the victims of hurricane sandy should be the first priority and the house will vote friday to direct needed resources to the national flood insurance program and on january 15, the first full legislative day of the 113th congress the house will consider the remaining supplemental requests. that a statement from house speaker boehner. two hours ago, new jersey governor chris christie held a news conference on speaker boehner's decision to not hold a vote yesterday on a bill to help victims of hurricane sandy. >> good afternoon. when hurricane sandy made landfall on august 24, 1992, congress and president bush 41 responded within 31 days with a federal aid package. when hurricane gustav made landfall in 2008 and hurricane ike 12 days later, congress and president bush 43 responded in 17 days with a federal aid package. when hurricane katrina made landfall on august 29, 2005, congress and president bush 43 responded with an initial 62.3 billion aid package in 10 days. hurr
if someone to his right, that caucus shrinks more. >> clayton: and some-- >> you've heard paul ryan and eric cantor. >> clayton: he was speaking and saying no, those won't be the individuals up. >> dave: i don't think we'll see that. >> clayton: fascinating. >> juliet: we'll see some severe weather, wild weather into the northeast right now. and people are still having last week's snow. as you can see, the plows are sitting by, getting ready to get out there, and throwing the salt on the ground and we're going to go to maria molina right now for an update on what's happening, maria? >> hey, good morning. good to see you. good morning, everyone, we have another snowstorm coming into the northeast just after on thursday 20 inches of snow across places of parts of upstate new york and new england and hit with that storm and another round. the good news for the system it's not forecasted to be anywhereas strong as last one was. it will be in later this morning and out by later this evening and through tonight. across portions of the southeast we have been dealing with some areas of heavy rain an
Search Results 0 to 17 of about 18